Obamacare Bloodletting Update

Medical supply giant Stryker cuts 1,170 jobs.

Executives for Stryker have placed the blame squarely on the coming tax ever since it gained more steam in Washington.

“Here we are, one of the greatest industries in the country, and we’re staring down on Jan. 1, 2013 and the addition of a 2.3 percent excise tax, while meanwhile on the other side all the discussion in Washington is about creating jobs,” Stryker President and CEO Stephen McMillian said during a national conference of medical device manufacturers in Washington, D.C. last September.

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